DeKalb Corn Fest was lucky to have funds in reserve when it moved from the downtown to DeKalb Taylor Municipal Airport in 2008.
Except for the “Lady Antebellum boost” in 2009, revenues have been trending downward. Revenues are no longer itemized on the tax forms, so we don’t know which categories have gotten hit.
The expense story is not so mysterious: expenses jumped with the move to the airport because site costs rose from $20,000 to $38,000.
It will be interesting to get last year’s numbers to see what effect, if any, the new parking fees had on the bottom line. You will recall that the City of DeKalb, not Corn Fest, benefits from the parking fees; nevertheless they could still affect attendance and spending.
Source: Foundation Center 990 Finder